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LONDON (ICIS) — News that the outage at Freeport LNG in the US will last longer than initially expected drove up the ICIS European TTF gas benchmark due to lower expected US exports. The ICIS East Asia Index (EAX) also climbed, underscoring its close ties to Europe’s prices. The US Henry Hub, in contrast, initially fell heavily on concerns over lower feedgas demand for Freeport. Also driving prices were Russian Gazprom’s reduced flows on the Nord Stream 1 Pipeline.

High prices were cited as the reason for some LNG tenders not being awarded. New buy tenders were issued from India, and Southeast Asia, while new sell tenders...